Which country uses tax brackets as part of its tax system? a) Canada b) Australia c) South Africa d) All of the above

Question

Chubbs

Social Studies

19 September, 08:31

Which country uses tax brackets as part of its tax system? a) Canada b) Australia c) South Africa d) All of the above

+5

Answers (1)

Know the Answer?

Hadassah Park · Answer 1

The tax to be paid by an individual is dependent on factors like the number of children, the status or the identity of the person and his/her work. Canada applies tax brackets to the different types of individuals in the country. The brackets are:

15% on the first $43,953 of taxable income

22% on the next $43,954 of taxable income (over $43,953 up to $87,907)

+26% on the next $48,363 of taxable income (over $87,907 up to $136,270) and

+ 29% of taxable income over $136,270.